Bankless Coinbase's 'Base' Powering Layer 2 Summer
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Jul 26, 2023 Join Jesse Pollak, the Head of Protocols at Coinbase and creator of the Base Layer 2 solution, as he dives into the future of decentralization. He discusses Base's significant role in ushering in a 'Layer 2 Summer' and the innovative collaborations it promotes. Jesse emphasizes the importance of sustainable public goods funding and the emergence of decentralized applications across industries. With exciting potential on the horizon, he explores how Base can enhance user engagement in the Ethereum ecosystem and revolutionize access to financial services.
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Base's Differentiation
- Base differentiates itself by focusing on a smooth user experience, simplifying complex processes.
- This approach aims to onboard Coinbase users and assets while providing a template for broader adoption.
Centralized vs. Decentralized
- Coinbase, a centralized entity, faces challenges in building a decentralized network like Base due to its size and regulatory scrutiny.
- However, this also presents a unique opportunity to pave the way for other companies to bring users on-chain.
Base's Origin Story
- Jesse Pollak recounts the challenging journey of bringing Coinbase on-chain, including initial failures and team shutdowns.
- Base emerged from these challenges as the developer platform needed to achieve this goal.